PYMNTS

OCTOBER 10, 2016

In the previous episode of NACHA’s Countdown to Same Day ACH podcast series, NACHA President and CEO Jan Estep identified the overlaps, complements and implications of all the initiatives under the faster payments umbrella — namely, real-time payments, Same Day ACH and blockchain. Innovation On Old Initiatives.

Same Day ACH 76

Same Day ACH ACH ISO 20022 NACHA 76

PYMNTS

MARCH 22, 2020

Nacha-owned membership organization Afinis Interoperability Standards is teaming up with Findland-based XMLdation to automate application programming interface (API) standardization in the payments space, Nacha announced.

API 63

API ISO 20022 NACHA Interoperability 63

PYMNTS

AUGUST 10, 2017

To address the need to standardize APIs, the National Automated Clearing House Association (NACHA) formed the API Standardization Industry Group in May. While Carone said the Group’s current focus is on banks, the role of FinTechs in financial interoperability should not be overlooked.

API 80

API FinTech Interoperability NACHA 80

The Paypers

JULY 23, 2021

Nacha 's Afinis Interoperability Standards has released three new APIs to assist corporate customers of financial institutions with accessing and reviewing their own financial transaction data.

Interoperability 28

Interoperability API NACHA Transactions 28

PYMNTS

FEBRUARY 4, 2019

Use of Same Day ACH (SDA) — overseen by NACHA (The Electronic Payments Association) and the Federal Reserve — has risen. The Independent Community Bankers of America and the CUNA requested that the Fed system be interoperable with the private sector’s real-time payment rails. . Faster Rails.

Faster Payments 73

Faster Payments Federal Reserve Real Time Payments TCH 73

PYMNTS

MAY 30, 2018

Inside the new Smarter Payments Tracker , PYMNTS explores the latest interoperability developments that are helping banks and FinTechs open up new lines of communication and speak a common language. Recognizing the need to rise to customer expectations, many FIs around the globe are turning to APIs to promote greater interoperability.

Payment APIs and Integration 52

Payment APIs and Integration ISO 20022 Interoperability NACHA 52

Fintech Finance

JULY 24, 2024

Carl also represents BNY on the Board of Directors for Nacha and The Clearing House Payments Company. “I am honored to be appointed as the new Chairperson of the FPC Board of Directors,” said Carl Slabicki.

Faster Payments 97

Faster Payments FPC FedNow RTP 97

PYMNTS

AUGUST 15, 2019

Interoperability And Adoption . ISO 20022 supports interoperability between various financial systems, an important factor as a rising number of major players are adopting the standard and pushing other FIs to follow suit. NACHA also offers a tool to help firms send ISO 20022-approved remittances data for B2B payments. .

ISO 20022 58

ISO 20022 ISOs Interoperability Message Standards 58

PYMNTS

SEPTEMBER 21, 2016

Through NACHA’s Countdown to Same Day ACH podcast series, we’ve explored what Same Day ACH is all about, the myriad of use cases and applications it’s designed to deliver and if corporations and businesses are truly ready for the change. What’s Under The Faster Payments Umbrella?

Faster Payments 76

Faster Payments Same Day ACH ACH ACH Network 76

PYMNTS

JANUARY 21, 2019

where almost everyone is now banked) and made the case for why the Fed was positioned as the best player to operate a ubiquitous, interoperable real-time payments network – even though the Fed doesn’t have a great track record at payments innovation ( #killthecheck ). NACHA was able to get all 13,000 banks in the U.S.

Faster Payments 77

Faster Payments Same Day ACH Fed Real Time Payments 77

PYMNTS

JUNE 8, 2016

We will probably emerge with a more cohesive and interoperable set of systems (or rails) that will allow greater flexibility. To download the June edition of the PYMNTS.com Faster Payments Tracker™, powered by NACHA, click the button below. About The Tracker.

Faster Payments 41

Faster Payments Office of the Comptroller of the Currency NACHA Direct Deposit 41

PYMNTS

AUGUST 3, 2018

“Our B2B Directory will not only provide access to this information, but support routing instructions, preferred payment methods, remittance details, delivery preferences and more — all in a standardized way clearing the path for interoperability and greater efficiencies.”.

B2B 40

B2B NACHA API Payee 40

PYMNTS

JUNE 19, 2017

moves ever closer to closed networks run by companies like Venmo and Facebook payments as opposed to open architecture such as NACHA and the Fed, “There needs to be a business strategy around your payments – what customer segments do you have within the organization?”. For CGI’s own clients, as the U.S.

Real Time Payments 64

Real Time Payments Faster Payments ACH Same Day ACH 64

PYMNTS

DECEMBER 8, 2017

According to Connie Theien, senior vice president of industry relations at the Federal Reserve, the group is focused on developing a governance framework for faster payments technology interoperability in the U.S. TO DOWNLOAD THE DECEMBER EDITION OF THE PYMNTS FASTER PAYMENTS TRACKER , POWERED BY NACHA, CLICK THE BUTTON BELOW. .

Fed 40

Fed Federal Reserve Faster Payments NACHA 40

PYMNTS

AUGUST 17, 2017

In lieu of the legislated model, said Weir, the financial industry can take a cue from NACHA and the API Standards Industry Group, wherein community is coalescing around data sharing, a multitude of use cases and a high degree of interoperability.

API 76

API Online and Mobile Banking Credential NACHA 76

PYMNTS

JUNE 10, 2016

A recent white paper by NACHA , the mobile payments alliance, developed in tandem with the Payments Innovation Alliance Mobile Wallet Team, found significant value in the cloud for emerging payment solutions. The quickest path is to link up in interoperable partnerships that will in turn lead to success at the point of sale.

NACHA 40

NACHA Same Day ACH Deposit Account Enrollments 40

PYMNTS

AUGUST 30, 2018

As more companies go global and engage in cross-border trade, these rails will face increased demand to efficiently deliver money, and there will be a growing need for the adoption of a common protocol to improve interoperability between payment systems, opening doors for new players to expand their reach. In the U.S.,

Same Day ACH 40

Same Day ACH Cross-Border ACH SWIFT 40

Stax

JANUARY 17, 2024

Unlike payments facilitated by card networks like Visa or Mastercard, ACH payments are managed by a body called the National Automated Clearing House Association (NACHA). Automated Clearing House (ACH) payments are a type of electronic bank-to-bank payment system in the US. In Q3 of 2023, the total volume of payouts on ACH networks reached 7.8

ACH 88

ACH Facilitators ISVS Payment APIs and Integration 88

Nanonets

SEPTEMBER 8, 2023

NACHA for ACH and government-run rails like FedWire & Swift for Wire. ACH transfers are predominantly confined to the United States due to the considerable coordination challenges associated with expanding their interoperability on a global scale. You can use a validation tool offered by NACHA or a third-party too.

Wire Transfer 52

Wire Transfer Wires Wire ACH 52

PYMNTS

SEPTEMBER 7, 2017

Industry collaboration will be critical to achieving goals of accelerated payments, the Fed said, with top challenges identified as “interoperability, ubiquity and accessibility” of faster payments capabilities. This includes the implementation of ISO 20022 messaging standards across organizations like NACHA and SWIFT.

Fed 49

Fed Federal Reserve Cross-Border Payments Cross-Border 49

PYMNTS

JULY 24, 2017

Soon, firms began popping up all over the country, filling in the pieces of the ubiquity puzzle essential for an interoperable network to operate at scale. And standards that support interoperability? NACHA has implemented ubiquitous Same Day ACH with credit push and will implement phase two with debit pull in the fall.

Fed 47

Fed Faster Payments Ubiquitous Same Day ACH 47

PYMNTS

JULY 10, 2017

This included taking a closer look at provider interoperability, rules and standards, security and other faster payment issues. TO DOWNLOAD THE JULY EDITION OF THE PYMNTS.COM FASTER PAYMENTS TRACKER™ , powered by NACHA, CLICK THE BUTTON BELOW. After all, new policies are typically easier to abide by when they are built collaboratively.

Faster Payments 40

Faster Payments Federal Reserve Payments NACHA 40

PYMNTS

APRIL 14, 2017

But speed is not enough, he added, as payment rails also need to include better data and widespread availability around the clock and interoperability that can support open use cases. Mastercard’s Malhotra said that as the card networks work, “we actually make these payments process within the blink of an eye.”

ACH Network 42

ACH Network ACH Payments ISO 20022 42

EBizCharge

JULY 18, 2024

Standards: EDI follows strict international standards for formatting electronic documents, whereas ACH transactions comply with the National Automated Clearing House Association (NACHA) rules. Partner Compatibility: If business partners are also set up for EDI, it promotes efficient interoperability.

ACH 52

ACH Transactions Payments Funds Transfer 52